|
|
Share | Tweet |
Obama Commits Nearly $2 Billion To Solar Companies
President Barack Obama, under pressure to spur job growth, said on Saturday two solar energy companies will get nearly $2 billion in U.S. loan guarantees to create as many as 5,000 green jobs.
Obama announced the Energy Department will award $1.45 billion in loan guarantees to Abengoa Solar Inc to help it build Solona, one of the largest solar generation plants in the world near Gila Bend, Arizona.
Abengoa Solar, headquartered in Lakewood, Colorado, is a unit of Spanish renewable energy and engineering company Abengoa SA. In the short term, construction will create some 1,600 jobs in Arizona.
"After years of watching companies build things and create jobs overseas, it's good news that we've attracted a company to our shores to build a plant and create jobs right here in America," Obama said.